Ecologically sustainable organizations are accurately explained by which of these descriptions?
A. Designing products with limited durability.
B. Making and transporting products using minimal energy.
C. Using more natural resources than they replenish.
D. Both of these answers are correct: Making and transporting products using minimal energy; and using more natural resources than they replenish.
Answer: B
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Robo Corporation entered into noncancelable, long-term material contracts with suppliers for the purchase of raw materials beginning in the calendar Year 4 . These contracts amounted to $500,000 at December 31, Year 4, relating to raw materials with a market price of $575,000 . This amount was considered material for Robo. (CMA adapted, Dec 95 #16) Refer to the Robo Corporation example. Robo
Corporation's financial statements at December 31, Year 4, a. include a contingent liability of $500,000. b. disclose the purchase commitment. c. include a liability of $575,000. d. do not mention this commitment. e. none of the above.
A director of Kuolema Publishing Company Ltd. marries a director of a competitor, Finlandia Publishing Ltd. The shareholders of Kuolema Publishing are concerned about confidential information being passed between the two companies
Which of the following is true? A) There is nothing the shareholders can do as people are free to marry whomever they choose. B) The marriage is a breach of the fiduciary obligations owed to the corporation. C) Only a president or senior officer owes a fiduciary duty to the corporation. D) The mere possibility that the director will share confidential information does not constitute a breach of fiduciary duty. E) Both A and C
An item attached to real property is considered goods if it can be removed easily
Indicate whether the statement is true or false
When a firm uses debt financing, the organization providing financing receives an ownership share in the company.
Answer the following statement true (T) or false (F)